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This Man Helped Make Kobe Bryant Nearly $500M — Now He's Working With Travis Kelce
Thursday, September 28, 2023 - 3:38pm | 459Unless you live under the world’s biggest rock, you’ve probably heard about Kansas City Chief tight end Travis Kelce’s new romance with Taylor Swift. But, you might have not heard about Kelce’s investment in Casa Azul Spirits, a beverage company that makes...
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JPMorgan's Beverage Pair Trade: Buy Keurig Dr Pepper, Sell Molson Coors
Friday, March 19, 2021 - 12:47pm | 426JPMorgan analysts revised their stance on the beverage sector and presented a new pair trade of assuming a bullish stance on Keurig Dr Pepper Inc (NYSE: KDP) and a bearish stance on Molson Coors Beverage Co (NYSE: TAP). The Analyst: Andrea Teixeira upgraded Keurig Dr Pepper's stock from...
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Morgan Stanley Cheers Boston Beer Company And Its 'Compelling Long-Term Growth Story'
Monday, March 1, 2021 - 1:28pm | 399Sam Adams beer maker and Truly hard seltzer's parent company Boston Beer Company Inc (NYSE: SAM) offers investors an under-appreciated but "compelling long-term growth story," according to Morgan Stanley. The Boston Beer Company Analyst: Filippo Falorni initiated coverage of Boston...
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Goldman Finds Six Reasons To Include Constellation Brands In Conviction List
Tuesday, February 9, 2021 - 12:05pm | 351Alcohol beverage company Constellation Brands, Inc. (NYSE: STZ) has a path to show "faster and more profitable growth" for six reasons and investors should be buyers of the stock, according to Goldman Sachs. The Constellation Brands Analyst: Bonnie Herzog maintains a Buy rating on...
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Constellation Brands CEO: 'We're Going To Take A Significant Share' Of Seltzer Market
Sunday, January 10, 2021 - 12:45pm | 355Alcohol company Constellation Brands, Inc. (NYSE: STZ) managed to offset lost sales from bars and restaurants amid pandemic restrictions by targeting consumers at home with "brands that people trust," CEO Bill Newlands said Thursday on CNBC's "Mad Money." Q3 Beat:...
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Molson CEO: 'We Know How To Operate In The Middle Of A Pandemic'
Wednesday, November 25, 2020 - 3:55pm | 359The start of 2020 was a tough period for beer maker Molson Coors Beverage Co (NYSE: TAP), but the sentiment has improved in recent months, CEO Gavin Hattersley said Wednesday morning on CNBC's "Squawk Box." What Happened: Molson's management had to adapt quickly and figure out how...
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Molson Coors Stock Chugs Along After Big Q3 Beat
Thursday, October 29, 2020 - 9:16am | 352Shares of Molson Coors Beverage Co (NYSE: TAP) gained more than 3% after the alcohol maker reported a top-and-bottom line third-quarter beat. Q3 Beat: Molson said it earned $1.62 per share in the third quarter on revenue of $2.75 billion versus expectations of $1.01 per share and revenue of $...
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Molson Coors CEO Talks New Coca-Cola Partnership: 'A Really Strong Portfolio'
Thursday, October 1, 2020 - 3:55pm | 411Beer maker Molson Coors Beverage Co (NYSE: TAP) and Coca-Cola Co (NYSE: KO) struck an agreement this week, and it should give Molson leadership status in the seltzer market, CEO Gavin Hattersley said Wednesday on CNBC's "Closing Bell." Financial Benefits For Molson: Molson will...
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Sam Adams, Truly Hard Seltzer Owner Boston Beer Rallies On Q2 Beat
Friday, July 24, 2020 - 11:04am | 420Sam Adams parent company Boston Beer Company Inc (NYSE: SAM) reported second-quarter results Friday that exceeded estimates and sent the stock soaring. What Happened: Boston Beer said it earned $4.88 per share in the second quarter on revenue of $452.1 million versus expectations of $2.42 per...
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Constellation Brands CEO Talks New Corona Hard Seltzer, 'Pretty Good' Q1
Thursday, July 2, 2020 - 3:00pm | 313Alcohol company Constellation Brands, Inc. (NYSE: STZ) has certainly felt its share of headwinds as of late, but it didn't "stop us from having a pretty good quarter," CEO Bill Newlands said on CNBC's "Mad Money." Constellation's Shift To Off-Premise: Constellation...
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Budweiser Spending Millions To Advertise Hard Seltzer During Super Bowl
Friday, January 10, 2020 - 4:03pm | 426Investors looking for further evidence of the growth of hard seltzer should pay extra attention during Super Bowl LIV. Global beer giant Anheuser Busch Inbev NV (NYSE: BUD) will spend millions to showcase its Bud Light Seltzer, according to The Wall Street Journal. Anheuser Busch Showcasing...
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Constellation Brands CEO Talks Beer, Seltzer, Canopy Investment With Cramer
Thursday, January 9, 2020 - 1:17pm | 670Constellation Brands, Inc. (NYSE: STZ) reported fiscal third-quarter results Wednesday, and CEO Bill Newlands was a guest on CNBC's "Mad Money" to offer his take. 'Scratching The Surface' With Modelo Constellation's Modelo Especial is not only one of the few beer...
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Walmart Adds High-End Liquor To Shelves
Monday, January 6, 2020 - 4:13pm | 367Walmart Inc (NYSE: WMT) is looking to improve its alcohol selection by offering hyperlocal craft beers, high-end wines and top-shelf spirits. Walmart's Liquor Aisle Walmart's "core offerings" of alcohol today include everyday brands like Bud Light, Miller Light and...
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4 Disruptive Trends In The Alcohol Industry: What's On Tap For Anheuser Busch, Molson And Sam Adams?
Tuesday, November 19, 2019 - 5:31pm | 569New York City over the weekend hosted the Beer Marketer's Insights (BMI) conference with multiple themes discussed and management teams offering presentations. Bank of America analyst Bryan Spillane attended the event and offered multiple industry-wide and company specific takeaways. Disruptive...
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Anheuser Busch, Molson Coors Invest Even More Into Hard Seltzer
Tuesday, November 19, 2019 - 10:25am | 418Hard seltzer alcohol beverages continue gaining in popularity, thanks in no small part to Mark Anthony Brands' White Claw beverages, and two notable beer makers are the latest to jump into the craze. The King Of Beers Isn't Immune The hard seltzer market is valued today at around $550...